Crossroads Systems: Patience Should Be Rewarded With Solid Returns
- On an operating basis, CRDS has a minuscule operating loss that is improving, with management guiding to operating break-even or profitability for 2014.
- Increasing traction in royalty income with growth from $188k a quarter a year ago to $1m plus per quarter today.
- Potential for additional litigation surrounding CRDS’s ‘972 patent family (ie 40 more letters sent out) - and strong prospects for significant monetization.
- Non-’972 patent family has real potential and we should learn much more about that within next quarter or so.